Leading and award-winning build-to-rent provider Placefirst has broken ground at its £13m residential development in Esh Winning. Located six miles west of Durham city centre, the scheme named The Oaks will deliver 89 high quality homes for long-term rent; a mix of 54 bungalows, the largest delivery in a generation,
Blending city and countryside lifestyles, Welwyn Garden City is quickly becoming an untapped hotspot for those wanting to be within touching distance of London but surrounded amongst acres of green space. SO Resi’s latest launch in the so-called ‘Utopia’ of Hertfordshire will see the new homes enter the affordable property
Housing association and social landlord, One Manchester, has handed over the keys to tenants in its latest new social housing and shared ownership development, boasting some impressive green credentials. A new development of 21 homes on Mayton Street in Openshaw completed last month creating a new benchmark for family social
AS Homes Scotland, a family-run, Glasgow based housebuilder, has announced the start of groundwork for its 36 affordable flats in Bellahouston. Developed in partnership with Home Group, the new development will see the transformation of the former Bellahouston Academy site into a mix of flats. “My team and I are
The Department for Levelling Up, Housing & Communities (DLUHC) forecasts that it will spend £20.7 billion on new grant funded homes through three rounds of the Affordable Homes Programme between 2015 and 2032.1 However, the Department could be more ambitious in how the Programme supports wider government objectives, such as
A retirement development on Cooke Street in Bentley, Doncaster that is using a modern method of construction, where the homes are produced off-site, has marked a major milestone. The development of 20 affordable retirement bungalows and apartments is being constructed on the site of former council offices and a depot. Designed by
Twenty large family homes would be built for the Gateshead Jewish community if a public / private partnership that is driving up the quality and choice of homes in the borough is given the go-ahead for its innovative proposal. The scheme is part of a wider initiative to build 58
Councillor Jane Meagher has officially broken ground at Scotland’s largest net zero housing development in Granton. The start of construction works at the £72m ‘Western Villages’ project represents a significant milestone for the City of Edinburgh Council in the delivery of the £1.3bn Granton Waterfront regeneration project. Over the next ten years,
Leading flexible workspace prepares to launch its 4th Manchester flex space Orega, the flexible workspace provider, has completed a 10-year Management Agreement to create a high spec flexible workspace at 1 Balloon Street, Manchester. The new space will open in August 2022. The 26,000 sq. ft. flexible workspace has been
Work already underway for first major residential scheme of affordable homes in central Bletchley UK property developer Godwin Developments has agreed a forward funding deal with CBRE UK Affordable Housing Fund (AHF) – a fund managed by CBRE Investment Management (CBRE IM) to deliver 184 affordable homes in central Bletchley,
Leading and award-winning build-to-rent provider Placefirst has broken ground at its £13m residential development in Esh Winning. Located six miles west of Durham city centre, the scheme named The Oaks will deliver 89 high quality homes for long-term rent; a mix of 54 bungalows, the largest delivery in a generation, and 35 three-bedroom houses. The start of construction was marked by a ground-breaking ceremony which was attended by key members of the Placefirst project team and representatives from Durham County Council. Placefirst has worked with architect POD Newcastle and landscape architect Southern Green to design a scheme which will transform the two-hectare brownfield site. Placefirst’s commitment to placemaking and sustainability is showcased through the masterplan which is landscape-led with the retention of high value oak trees and a network of shared green spaces for residents to enjoy. As a multigenerational community, the development will provide a boost to the village, benefitting local services, businesses and amenities. The site’s proximity to the open countryside and green space will be attractive to new residents, and the site is also well connected to surrounding towns and Durham city centre. The Oaks represents Placefirst’s continued dedication to providing quality homes to the single family rental market, and builds on its strong track record of creating communities in the North East region including The Green in Hartlepool, which transformed three streets of Victorian houses, and Scholar’s View, a new build neighbourhood of 116 homes in Hetton-le-Hole, Sunderland. Placefirst is responsible for every aspect of the home and neighbourhood. Each development has a dedicated resident services manager and renters are guaranteed a characterful, fully maintained, high-quality home for as long as they like. Work at The Oaks is expected to complete in late 2024. James Litherland, planning and development manager at Placefirst commented: “We are proud to commence work at Esh Winning, a project that will bring new life to the site and deliver 89 high quality homes for rent to the North East. The team have worked hard to bring this development together and we’d like to thank them as well as Durham County Council who have shown great enthusiasm throughout. “With a proven track record of placemaking and regeneration, we are pleased to be bringing new single-family rental properties to the area which will make a lasting positive impact on the community. We look forward to work completing in late 2024.” Cllr James Rowlandson, Durham County Council’s Cabinet member for resources, investment and assets, said: “We are pleased to see work getting underway on this development and look forward to its completion. Having access to good quality housing is vital to the wellbeing of our residents. “With a mixture of bungalows and houses for single families and new homes for rent, this scheme will help to meet local needs”. Cllr Jean Chaplow commented: “I have been campaigning for the delivery of bungalows on this site for a long time so I am delighted to see work start. On behalf of the ward councillors I’d like to thank Placefirst for their commitment to this project. We are pleased they will be maintaining the existing oak trees as part of the landscaping, and I look forward to seeing the neighbourhood complete in 2024.”
Blending city and countryside lifestyles, Welwyn Garden City is quickly becoming an untapped hotspot for those wanting to be within touching distance of London but surrounded amongst acres of green space. SO Resi’s latest launch in the so-called ‘Utopia’ of Hertfordshire will see the new homes enter the affordable property market which has experienced a boom in 2022.[1] Sitting in landscaped gardens and designed around the iconic Shredded Wheat Factory, SO Resi Welwyn Garden City complements the area’s rich heritage. All apartments will benefit from private balconies and terraces to enjoy the local scenery. The new homes are available through shared ownership with prices starting from £68,750 for a 25% share. Residents then have the opportunity to purchase more shares through a process known as ‘staircasing’, which enables them to eventually own 100% of the property. Founded by Sir Ebenezer Howard 102 years ago, this ‘garden city’ was designed to give residents the best of both worlds. The town, which includes a 126-acre park, sits a 29-minute train journey from London Kings Cross making it an ideal balance of the two. It also offers a fortnightly food and craft market, unique pubs in the outlying villages as well as largescale community initiatives including the Barn Theatre which hosts the Welywn Drama Festival annually in May. Kush Rawal, Director of Residential Investment at SO Resi, comments, “SO Resi Welwyn Garden City is our second development to launch in the town highlighting the need and want for accessible properties in the area. With a combination of fast connections to London and ample green countryside, we have seen interest from young professionals, especially those who are first time buyers, wanting to get the best of both worlds without breaking the bank especially during the current economic climate. We are proud that our shared ownership scheme here will offer buyers an opportunity to get onto the property ladder in a commuter hotspot at an accessible cost.” SO Resi Welwyn Garden City is also ideal for those seeking access to an adventurous lifestyle. The Gosling Sports Park sits on the development’s doorstep, offering a dry ski slope, a cycling velodrome, driving range and athletics track to name but a few of its amenities. As well as this, the two large lakes providing opportunities for residents to enjoy a variety of water sports at the activity centre. The area is also home to a variety of ‘good’ and ‘outstanding’ Ofsted primary schools and secondary schools, with GCSE and A-Level results recorded well above average. SO Resi Welwyn Garden City is a collection of one, two and three-bedroom homes, with prices starting from £68,750 for a 25% share in a one-bedroom apartment [full market value £275,000]. To find out more, visit www.soresi.co.uk or call 020 8607 0550. [1] https://metro.co.uk/2022/02/01/welwyn-garden-city-is-a-surprisingly-cheap-place-to-buy-for-commuters-16024550/
Housing association and social landlord, One Manchester, has handed over the keys to tenants in its latest new social housing and shared ownership development, boasting some impressive green credentials. A new development of 21 homes on Mayton Street in Openshaw completed last month creating a new benchmark for family social housing in the city. The all-electric development consists of 15 houses for social rent and six made available for shared ownership. The homes were constructed using a sustainable timber panellised system manufactured off site and make use of air source heat pumps for hot water heating. The wider development also benefits from solar-powered street lighting. Building work for the Mayton Street development was started by John Southworth Builders in August 2021, and after 12 months the project has been completed – three months ahead of its proposed completion in December 2022. One Manchester is working toward the zero carbon Manchester ambition to become a zero carbon city by 2038 at the latest. Judy Noah, Director of Development at One Manchester, said: “One Manchester is committed to decarbonising its portfolio and this can be seen in our latest development on Mayton Street. We are no longer building new homes with gas boilers and we are making sure that these homes are exceptionally well-insulated so that they require minimal amounts of heating to keep them warm. “We worked hard to ensure that the scheme maintained a significant element of well landscaped and inviting green space while also creating brilliant family homes with remarkably high quality large gardens. We’re excited to see families move in and how they make this neighbourhood their own.” Plans for the project were designed by GWP Architecture. The social properties are now all occupied and the shared ownership properties are expected to complete before the end of September. Cllr Gavin White, Manchester City Council’s executive member for housing and development, said: “We have a number of housing challenges in Manchester, which include meeting a growing demand for quality social and affordable housing, to support more residents to become home owners, and to increase the number of sustainable homes to help us meet our target to become a zero carbon city by 2038. “This development ticks all those boxes – while bringing brownfield land back into use. This is exactly the type of housing investment we need in Manchester.” The site in One Manchester’s ownership had been cleared of unpopular flats some years ago and was initially earmarked for 39 new homes. However, responding to local concerns, One Manchester opted to reduce the number of homes and preserve and improve the green space provision. The Mayton Street project is a continuation of One Manchester’s projects at Windermere Close, Openshaw and Blackrock Street, Beswick which have all incorporated passivhaus design, renewable heating and off-site manufacture.
AS Homes Scotland, a family-run, Glasgow based housebuilder, has announced the start of groundwork for its 36 affordable flats in Bellahouston. Developed in partnership with Home Group, the new development will see the transformation of the former Bellahouston Academy site into a mix of flats. “My team and I are delighted to have been appointed to deliver 36 innovative new homes in Glasgow,” said Kieran Sexton, Commercial Director at AS Homes Scotland. “Formerly used as an educational campus, this site has a lot of potential and we’re delighted that it is being used to bring more affordable properties to the area. As the demand for affordable housing continues to grow, it is important that we do our part to ensure that our homes are available to those in need. “We’re extremely optimistic about this project and the difference that it will make to the local area. It will be rewarding to see this development progress and enhance the local area as it nears completion.” The work included in the project involves the transformation of the school’s former gymnasium and swimming pool facilities to build a mix of sustainable one-bedroom and two-bedroom flats. The vibrant new development will span a 0.7 acre site, designed in accordance with the local surroundings. Ultimately, the AS Homes development would and bring a fresh yet well-suited ambience to the area, including an on-site car park, cycle stores and a community playpark for families and children to enjoy. “It’s great to be working in partnership with AS Homes Scotland to add to our existing portfolio of affordable homes in Glasgow. This project will play a key role in further strengthening Bellahouston’s offering as an attractive and affordable place to live and we’re delighted that work is underway,” added Andrew Campbell, Development and Delivery Manager at Home Group. Designed to accommodate varying occupier needs, the development has received the Secure By Design Gold Accreditation. Moreover, the homes were created in an energy-efficient way, in order to support the area’s wider net zero ambitions, as well as meet Glasgow’s gold hybrid standard for suitability. The new development is due for completion in August 2023. Building, Design and Construction Magazine | The Home of Construction Industry News
The Department for Levelling Up, Housing & Communities (DLUHC) forecasts that it will spend £20.7 billion on new grant funded homes through three rounds of the Affordable Homes Programme between 2015 and 2032.1 However, the Department could be more ambitious in how the Programme supports wider government objectives, such as how it contributes to the government’s net-zero commitments, according to the National Audit Office (NAO). DLUHC intervenes in the housing market to try to ensure there is sufficient supply of affordable housing. The Affordable Homes Programme (the Programme)2 provides grant funding to housing providers in England to support the costs of delivering affordable homes. There are two main iterations of the Programme that are running concurrently, the 2016 programme and the 2021 programme. The NAO found that the Affordable Homes Programme’s targets have a focus on the number of new homes built. The 2021 programme has clear targets about the tenure (e.g. for rent or for sale) of housing it wants housing providers to provide, but there are few targets based on wider factors such as the quality or size of homes or environmental standards. DLUHC has not fully defined the wider outcomes it wants from the Programme, such as reductions in fuel poverty and the creation of mixed communities or set out what success would look like. There is a forecast shortfall of 32,000 in the number of homes to be delivered compared with published targets for the 2016 and 2021 programmes, as at May 2022. Under the 2016 programme, DLUHC forecasts it will achieve 96% of its target for housing starts, but some of these homes will not be built until 2032. DLUHC’s forecast is that Homes England and the Greater London Authority (GLA) will collectively achieve 241,000 starts, against a target of 250,000 starts, by March 2023 (this target includes some homes not directly funded through the Programme).3 Under the 2021 programme, DLUHC expects 157,000 new homes will complete by the time the programme has ended in 2028-29 compared with its target of ‘up to 180,000 should economic conditions allow’.4 It does not expect to meet sub-targets for supported homes (homes with support, supervision, or care provided alongside) and is at high risk of not meeting a sub-target for rural homes. There is also a risk that fewer homes are completed than currently forecast because of building cost inflation, a shortage of materials and labour and other challenges. The NAO found that DLUHC had inadequate oversight of the GLA in the 2015 and 2016 programmes. DLUHC receives performance reports from the GLA, but these contained insufficient information on GLA’s management of the Programme, for example lacking information on spending. In October 2021, DLUHC found that between April 2015 and October 2021, it had given the GLA £1.8 billion of funding which the GLA had committed but not yet used to pay housing providers. DLUHC accepts these payments were a basic error of programme management. DLUHC has started to make improvements to its governance and oversight of the Programme, including in data and performance reporting. There is a lack of strong incentives for housing providers to deliver affordable homes in areas of high housing need or in the most unaffordable areas. The Programme is not delivering a high proportion of affordable homes in areas that the Department assesses have high general housing need. In addition, housing providers are delivering fewer homes in more unaffordable areas, measured by the difference between local house prices and wages. The Programme could bring greater value to other parts of government. When designing the 2021 programme, DLUHC considered how it could generate cross-government benefits in relation to housing benefit spend, the number of people in temporary accommodation and adult social care. However, it did not include savings in temporary accommodation or adult social care costs from providing supported housing in its economic modelling. Potential savings in these areas are not factored into the way DLUHC allocates the Programme’s funding and the kind of homes delivered. If DLUHC used the Programme to deliver more affordable homes in London, this would lead to significantly higher savings on future housing benefit costs (including the housing element of universal credit). DLUHC and Homes England did not include any specific targets relating to reducing emissions under the 2021 programme. Before the end of 2022, the NAO recommends that the DLUHC should develop plans to mitigate the risk that the objectives for delivering affordable homes may not be achieved, and continue to improve its oversight of the Programme. For the next iteration of the Programme, DLUHC should consider what information it needs to improve its understanding of housing need in local areas, and review how the programme sets and monitors the Programme’s targets and sub targets and be clear how the Programme is contributing, when feasible, to wider government objectives, such as net zero and savings for other departments and local government. Gareth Davies, the head of the NAO, said: “Since 2015, the Department for Levelling Up, Housing & Communities has made improvements to the running of the Affordable Homes Programme, but there are still areas it needs to address. “It should reassess targets to ensure the Programme is delivering affordable homes in areas that need them the most. It should also use the Programme to bring about greater value to other parts of government, and advance wider efforts around net zero.”
A retirement development on Cooke Street in Bentley, Doncaster that is using a modern method of construction, where the homes are produced off-site, has marked a major milestone. The development of 20 affordable retirement bungalows and apartments is being constructed on the site of former council offices and a depot. Designed by Brewster Bye Architects for Housing 21, all the modular units, which were built in Hull by specialist contractor, M-AR, have now been delivered and installed. The brickwork is already up to damp proof course level and the external cladding and landscaping work on the development is due to complete soon. Mark Henderson, from Brewster Bye, said: “This modern method of construction is proving very popular because the units are constructed off-site and delivered completely finished, including electrics, plumbing and interior paintwork, so it’s fast and efficient. “The three-storey apartment building will offer 12, one and two bedroom, apartments, and there will be eight, two bedroom bungalows, which will all be finished with traditional materials including a palette of red brick with light render features, stone effect head and cills, slate effect roof tiles and anthracite grey windows and doors. “The high-quality houses all enjoy spacious plots, generous gardens and parking spaces. The layout of the properties has been carefully designed to create a characterful development with its own attractive identity.” The development sits next to an existing, popular retirement living development also owned and managed by Housing 21 – Minden Court. A spokesperson for Housing 21, said: “There is plenty of demand for quality retirement accommodation in the area, so this was an ideal site for these much-needed homes, and it will appeal to the over 55s market throughout Doncaster. Close to a variety of local shops and an attractive park, where residents can enjoy pleasant walks – it’s a great place to live.” Housing 21 is a leading provider of retirement and extra care living for older people. It is a not-for-profit organisation that operates in over 240 local authority areas. Brewster Bye is one of the UK’s leading architecture practices in the retirement housing sector. Visit: www.housing21.org.uk for more details.
Twenty large family homes would be built for the Gateshead Jewish community if a public / private partnership that is driving up the quality and choice of homes in the borough is given the go-ahead for its innovative proposal. The scheme is part of a wider initiative to build 58 affordable properties on a piece of land which has stood empty for almost a decade because redevelopment costs were prohibitive. The Gateshead Regeneration Partnership (GRP) wants to use profits from the construction and private sale of around 50 houses elsewhere in the borough to part fund the project in Hyde Park Street. This would allow the development of the affordable homes on a 2.88 acre site which was, until 2013, occupied by back to back terraced housing. And 20 of these new homes would be specially designed to meet the needs of the town’s Orthodox Jewish Community. GRP comprises Gateshead Council, construction and regeneration specialist Vistry Partnerships North East and affordable housing provider Home Group. The proposal has been developed in conjunction with Homes England, Adler Housing – a registered provider of social housing under the Jewish Community Council of Gateshead – and Agudas Israel Housing Association. A planning application is being prepared for submission which, if approved, would allow the development of two to five bedroomed homes on the site of the former Hookergate School in High Spen, the profits from which would subsidise the Hyde Park Street project. Home Group would offer 38 of these for affordable rent, whilst Adler and Agudas Israel would take the 20 specially designed homes for Jewish residents. In addition to being large enough to accommodate extended families, features in these homes include a room with a sukkah – a retractable roof, and kitchens compatible with observance of Kosher dietary practices including two sinks and sufficient counter space. Chaya Spitz, CEO with Agudas Israel Housing Association, said: “This carefully planned scheme comes after many years of joint working by our colleagues from Gateshead Regeneration Partnership and the local Jewish community. We are delighted to be joining and hopefully enabling it to come to fruition.” Eli Halberstadt, chair of Adler Housing, commented: “We are delighted that the Gateshead Jewish community has the opportunity to provide high quality, bespoke housing which would provide ample living space for families. We are especially pleased to partner with Agudas Israel on this project.” Cllr. Martin Gannon, Leader of Gateshead Council, added: “I would welcome the development of much needed high quality housing in the area and I’m delighted that Gateshead Council is playing a positive role, working with the community on this initiative.” Andrew Rennie Development Director with Vistry Partnerships North East, commented: “It has been a long and complex process to align all the partners involved in the initiative, but it is pleasing to have been able to create an opportunity to meet the diverse housing needs of local people and unlock the potential of this piece of unused land.” Kitson Keen, Director of Development at Home Group, said: “The Gateshead Regeneration Partnership is a great example of collaborative working. And this latest initiative is another example of this. The progress we have made to date gives us absolute confidence that we’ll reach the targets we’ve set to deliver much needed affordable homes in the Gateshead borough.” GRP’s vision is to create around 2,500 new homes on 16 sites across the borough in a £350 million initiative. To date around 450 have been built on eight sites. As well as improving housing quality and choice, the initiative is providing job and training opportunities – a minimum of 25% of which go to local people – and an economic uplift – a quarter of the supply budget is committed to businesses within the borough.
Councillor Jane Meagher has officially broken ground at Scotland’s largest net zero housing development in Granton. The start of construction works at the £72m ‘Western Villages’ project represents a significant milestone for the City of Edinburgh Council in the delivery of the £1.3bn Granton Waterfront regeneration project. Over the next ten years, 3,500 mixed-tenure homes and associated infrastructure will create a new, sustainable coastal community. Cllr Meagher was joined by representatives for the project – including the Council’s own development and regeneration team, contractor CCG (Scotland) and architect Cooper Cromar – at the site located on West Shore Road adjacent to Forthquarter Park. The 444-home masterplan will consist of one, two, and three-bedroom apartments, including wheelchair-accessible ground-floor dwellings, available in a mix of social rent (195) mid-market rent (193) and private sale tenures (56) that will each benefit from stunning parkland and sea views. To achieve net zero carbon, all homes will be constructed using advanced construction methods to improve thermal performance (and reduce heat loss). Delivered by an on-site energy centre containing air-source heat pumps and renewable technologies such as solar PV panels, this low carbon heat system and zero emissions strategy is being supported by £4.1m of funding from the Scottish Government’s Low Carbon Infrastructure Transition Programme. Complemented by carbon offsetting measures, this pioneering approach to reducing Greenhouse Gas (GHG) emissions has been developed by CCG in partnership with energy and sustainability consultancy, Carbon Futures. Sustainability credentials will be further enhanced by a reduction in car usage, provision of Electric Vehicle charging, and increased emphasis on active travel to lower the development’s carbon footprint over the longer term. Set for completion in 2024, the homes for rent will be managed by the Council whilst the private homes will be led by CCG Homes, the private housing arm of the CCG Group. Councillor Jane Meagher, Housing, Homelessness and Fair Work Convener, said: “We are so proud to lead the country’s biggest net zero housing development and to break ground today. “With an ambitious target to become a net zero city by 2030, this first phase of Granton Waterfront will act as a blueprint for future sustainable development and help Scotland transition towards a greener economy. This housing is going to provide hundreds of affordable homes, right at the centre of what will be Edinburgh’s newest neighbourhood – offering a fantastically lively, active, and sustainable waterfront lifestyle for everyone who moves in. “People moving in will benefit from a real 20-minute neighbourhood, with great progress being made in our £1.3 billon wider regeneration project including a growing cultural and arts cluster in the area, after we announced works to refurbish the former Granton Station building into a creative workspace, as well as a new creative and community hub at 20 West Shore Road by Edinburgh Palette. It’s also great to see the iconic Granton Gasholder is being brought back to life – now illuminated in solidarity with Ukraine it is set to be fully restored and opened as a public amenity space. “The operators of the Pitt Street market have also announced their plans to take up a new residence here, with more than half of all stalls to be led by start-ups and entrepreneurs, and we’re only going to see more and more new services, businesses and creative endeavours choose Granton. This is the start of an exciting new chapter for the city and for how we build new homes and new neighbourhoods and I look forward to seeing it all take shape.” CCG Managing Director, David Wylie, said: “CCG’s contribution to the regeneration of Granton is significant with over 500 homes set to be under construction by the middle of this year. Western Villages, alongside a further 75 homes with the Council at Waterfront Avenue (known as Granton D1, the first pilot project of the Edinburgh Homes Demonstrator initiative), will play a major role in the creation of this new coastal community and also help shape our understanding and capabilities of net zero housing delivery in Edinburgh and across Scotland. “We are very proud to be pioneering applied research and development into net zero housebuilding to support our economy’s green ambitions whilst also ensuring that high-quality, highly energy efficient homes remain accessible to our communities.”
Leading flexible workspace prepares to launch its 4th Manchester flex space Orega, the flexible workspace provider, has completed a 10-year Management Agreement to create a high spec flexible workspace at 1 Balloon Street, Manchester. The new space will open in August 2022. The 26,000 sq. ft. flexible workspace has been newly refurbished and will provide over 450 workstations. The workspaces are designed to appeal to teams of all sizes – from 5 people to 100 plus – and are over three floors of the building, (ground, first and second). In addition, there will be substantial collaboration, meeting and event spaces. 1 Balloon Street is in the centre of Manchester, just minutes from Manchester Victoria station and the Arndale centre, the biggest shopping centre in the city. The workspace is designed to be a modern, flexible base for Manchester’s booming tech, finance and creative businesses, offering brand new: Design-led space that focuses on hospitality A wide choice of different working zones Outdoor space Large meeting room suite More space person than the industry norm On-site shower and changing facilities Unlimited barista-quality coffee Secure bike storage facilities It is the fourth flexible workspace that Orega has launched in Manchester. The company offers flex space from 18 locations across the UK and is the UK’s leading provider of flexible workspace under Management Agreements (as opposed to leases). Ben Hutchen, Real Estate Director at Orega, commented: “We have enhanced our exceptionally strong Manchester portfolio with Balloon Street, where our landlord partner has intelligently invested to provide a first-class example of how the future of work will look. At Orega, we offer our landlord partners and occupiers a solution that monetizes their space with a high-end office product and building amenity- whilst allowing them to retain control of their asset and brand. This is what our truly bespoke ground-breaking new partnership model is all about.” Jonathan Cook, Director at CBRE, who advised the landlord, said: “We are delighted to secure Orega at One Balloon Street. They will make a fantastic addition to the building, satisfying the continuing demand from corporates seeking high quality flex space.”
Work already underway for first major residential scheme of affordable homes in central Bletchley UK property developer Godwin Developments has agreed a forward funding deal with CBRE UK Affordable Housing Fund (AHF) – a fund managed by CBRE Investment Management (CBRE IM) to deliver 184 affordable homes in central Bletchley, Milton Keynes. The four-acre scheme, named Bletchley View, will provide a mix of affordable and shared ownership properties, a combination of one and two bed flats as well as 12 three-bedroom houses. CBRE UK Affordable Housing Fund (AHF) invests in affordable housing with the aim to have a significant social impact across the United Kingdom. Bletchley View will cater to the growing demand for affordable homes in the area, especially from young people and families, seeking quality housing within commuting distance to employment opportunities. It will consist of two six and five-storey buildings, a row of townhouses as well as commercial spaces for the benefit of residents and the neighboring communities. Aligning with the sustainability ambitions of AHF and Godwin, air source heat pumps for hot water and a mechanical ventilated heat recovery system will be installed. The scheme is also located close to a train and bus station to help promote the use of public transport. Stuart Pratt, Founder and Director at Godwin Developments said: “With its proximity to Milton Keynes, the UK’s newest and fastest growing city, Bletchley has significant potential to become a modern thriving urban destination as outlined in the plans for its regeneration. “We are therefore thrilled to have partnered with CBRE IM in delivering the first major new residential scheme in the area which will ensure local and new residents have access to a range of quality affordable homes. This scheme aligns perfectly with our strategy for developing a range of residential opportunities across key growth locations nationwide.” Andrew Davey, Head of Liability Aware Strategies at CBRE Investment Management commented: “We are particularly proud of our partnership with Godwin as it demonstrates the commitment we have to providing affordable homes where they are needed most. Our business plan proactively manages the scheme by setting rent levels and shared ownership prices to meet the specific affordability requirements of the local population. “We look forward to working with all our partners on this development and are excited to be delivering affordable, sustainable homes to the community of Bletchley.” Part of the multi-million-pound redevelopment plans for the Buckinghamshire town, famous for its role in World War II code breaking, Bletchley View will also support ambitious local plans for delivering more homes, wider infrastructure upgrades and amenities to the area. Located adjacent to Bletchley station, with connections to London and across Oxfordshire and Cambridgeshire as a part of East West Rail, the scheme will be close to a range of existing amenities, with more to be delivered soon as a part of the metropolitan hub. When completed and fully occupied, it will sustain a diverse range of local shops, bars, cafes, restaurants, niche retail and SMEs which are expected to make Central Bletchley a destination in its own right. National business Winvic Construction has been appointed as the main contractor on the scheme with work on site already underway and expected to complete in Q2 2024. Godwin was advised by agents CBRE and lawyers Hamlins. Simply Planning were the planning consultant. Advisors to CBRE Investment Management were Penningtons and CS2. Godwin Developments has a fast-growing nationwide portfolio, including nearly 3,000 residential units nationwide some of which are set to begin construction in the second half of 2022. The business operates across the BTR sector covering both multifamily and single-family housing as well as affordable homes with a number of residential developments covering Nottingham, Doncaster, Cambridgeshire, Milton Keynes and Derby, and many more in the pipeline. The company’s commercial and industrial divisions work includes recent developments in Northamptonshire, Staffordshire, Dorset and Cambridgeshire, alongside a strong UK-wide pipeline.
